First Northern Community Bancorp (NASDAQ:FNRN) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of First Northern Community Bancorp (NASDAQ:FNRN) from a hold rating to a sell rating in a research report released on Saturday.

Separately, Weiss Ratings lowered First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Northern Community Bancorp has a consensus rating of “Buy”.

First Northern Community Bancorp Stock Performance

First Northern Community Bancorp stock opened at $17.55 on Friday. The stock has a market capitalization of $287.82 million, a PE ratio of 12.95 and a beta of 0.01. The business’s 50-day simple moving average is $17.97. First Northern Community Bancorp has a 52 week low of $11.40 and a 52 week high of $19.25.

Insider Activity

In other news, Director Richard M. Martinez sold 2,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $17.51, for a total transaction of $35,020.00. Following the completion of the sale, the director directly owned 72,252 shares in the company, valued at approximately $1,265,132.52. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark C. Schulze sold 5,250 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $17.06, for a total value of $89,565.00. Following the completion of the sale, the director directly owned 731,039 shares in the company, valued at $12,471,525.34. The trade was a 0.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 12,000 shares of company stock valued at $210,728. Insiders own 11.92% of the company’s stock.

Institutional Trading of First Northern Community Bancorp

Several large investors have recently added to or reduced their stakes in FNRN. BlackRock Inc. purchased a new position in First Northern Community Bancorp during the 2nd quarter valued at $18,860,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of First Northern Community Bancorp in the 2nd quarter worth about $6,883,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Northern Community Bancorp in the 2nd quarter worth about $1,205,000. Bank of New York Mellon Corp bought a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at about $654,000. Finally, Deutsche Bank AG bought a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at about $263,000. Institutional investors own 17.86% of the company’s stock.

First Northern Community Bancorp Company Profile

First Northern Community Bancorp is the bank holding company for First Northern Bank, a regionally focused community bank based in Dixon, California. The company provides a range of commercial and consumer banking services through its branch network and digital banking channels, positioning itself as a relationship-driven lender and deposit taker for local businesses, farms and households in Northern California.

First Northern’s core activities include commercial and real estate lending, residential mortgage origination and servicing, small-business banking, and deposit products such as checking, savings and certificate accounts.